Can I retire at age 66 with 14,300,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $14,300,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$1,180,881$1,170,362$1,160,100$1,150,083$1,140,302$1,102,918
2 years$584,594$573,707$563,155$552,924$543,001$505,693
3 years$385,858$374,924$364,399$354,264$344,502$308,443
4 years$286,510$275,609$265,189$255,227$245,702$211,167
5 years$226,916$216,081$205,797$196,039$186,779$153,860
6 years$187,200$176,446$166,315$156,774$147,792$116,516
7 years$158,843$148,179$138,208$128,893$120,194$90,558
8 years$137,584$127,017$117,212$108,125$99,713$71,695
9 years$121,058$110,591$100,954$92,098$83,972$57,540
10 years$107,846$97,481$88,014$79,390$71,549$46,660
11 years$97,042$86,781$77,486$69,093$61,534$38,143
12 years$88,046$77,890$68,767$60,604$53,324$31,378
13 years$80,440$70,390$61,439$53,504$46,500$25,944
14 years$73,925$63,982$55,203$47,495$40,761$21,539
15 years$68,285$58,449$49,841$42,357$35,890$17,941
16 years$63,354$53,626$45,188$37,926$31,719$14,985
17 years$59,008$49,388$41,120$34,076$28,125$12,544
18 years$55,150$45,636$37,537$30,710$25,007$10,520
19 years$51,701$42,295$34,363$27,749$22,289$8,837
20 years$48,601$39,303$31,537$25,132$19,909$7,432
21 years$45,800$36,609$29,008$22,809$17,817$6,257
22 years$43,257$34,173$26,735$20,738$15,970$5,273
23 years$40,939$31,961$24,685$18,887$14,336$4,447
24 years$38,817$29,946$22,830$17,226$12,885$3,752
25 years$36,868$28,103$21,145$15,732$11,595$3,168
26 years$35,071$26,412$19,611$14,384$10,444$2,676
27 years$33,411$24,857$18,210$13,166$9,416$2,261
28 years$31,872$23,422$16,929$12,063$8,496$1,911
29 years$30,441$22,096$15,754$11,062$7,672$1,616
30 years$29,109$20,868$14,674$10,152$6,932$1,367
31 years$27,864$19,727$13,680$9,324$6,267$1,156
32 years$26,700$18,666$12,764$8,569$5,669$978
33 years$25,609$17,677$11,918$7,880$5,131$828
34 years$24,584$16,753$11,135$7,250$4,645$700
35 years$23,620$15,890$10,411$6,674$4,207$593
36 years$22,712$15,082$9,739$6,147$3,812$502
37 years$21,854$14,325$9,115$5,663$3,455$425
38 years$21,044$13,614$8,536$5,220$3,132$359
39 years$20,277$12,945$7,997$4,813$2,840$304
40 years$19,550$12,316$7,496$4,440$2,576$258
41 years$18,861$11,724$7,029$4,096$2,337$218
42 years$18,206$11,165$6,593$3,780$2,121$185
43 years$17,583$10,638$6,187$3,490$1,925$156
44 years$16,990$10,141$5,808$3,222$1,747$132
45 years$16,426$9,670$5,453$2,976$1,586$112
46 years$15,887$9,225$5,122$2,749$1,440$95
47 years$15,373$8,803$4,812$2,539$1,308$80
48 years$14,881$8,404$4,522$2,346$1,188$68
49 years$14,411$8,025$4,250$2,169$1,079$58
50 years$13,962$7,666$3,996$2,004$980$49

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 66 starting with $14,300,000, adding $3,213 every year, while hoping to spend $29,043 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/28/23 Blend
65$14,300,000$14,300,000$14,300,000$14,300,000
66$15,761,914$15,004,014$14,782,364$16,431,703
67$17,338,728$15,708,309$15,246,672$17,602,828
68$19,075,403$16,446,142$15,725,560$18,871,217
69$20,988,215$17,219,124$16,219,488$20,248,619
70$23,095,099$18,028,946$16,728,926$21,745,324
71$25,415,816$18,877,381$17,254,362$23,372,643
72$27,972,144$19,766,288$17,796,298$25,142,998
73$30,788,081$20,697,615$18,355,252$27,070,044
74$33,890,071$21,673,404$18,931,759$29,168,788
75$37,307,255$22,695,797$19,526,370$31,455,725
76$41,071,744$23,767,040$20,139,652$33,948,988
77$45,218,924$24,889,487$20,772,193$36,668,518
78$49,787,789$26,065,607$21,424,596$39,636,238
79$54,821,309$27,297,987$22,097,486$42,876,260
80$60,366,836$28,589,342$22,791,505$46,415,103
81$66,476,550$29,942,516$23,507,317$50,281,936
82$73,207,952$31,360,493$24,245,606$54,508,849
83$80,624,407$32,846,401$25,007,078$59,131,144
84$88,795,742$34,403,520$25,792,460$64,187,662
85$97,798,904$36,035,289$26,602,503$69,721,141
86$107,718,687$37,745,313$27,437,982$75,778,613
87$118,648,533$39,537,373$28,299,694$82,411,834
88$130,691,413$41,415,435$29,188,464$89,677,767
89$143,960,801$43,383,654$30,105,141$97,639,108
90$158,581,740$45,446,391$31,050,601$106,364,868
91$174,692,028$47,608,215$32,025,747$115,931,011
92$192,443,517$49,873,919$33,031,511$126,421,164
93$212,003,544$52,248,529$34,068,855$137,927,391
94$233,556,513$54,737,315$35,138,769$150,551,049
95$257,305,637$57,345,803$36,242,277$164,403,736
96$283,474,851$60,079,787$37,380,433$179,608,325
97$312,310,933$62,945,343$38,554,325$196,300,114
98$344,085,826$65,948,843$39,765,073$214,628,087
99$379,099,214$69,096,969$41,013,836$234,756,302
100$417,681,340$72,396,728$42,301,806$256,865,428